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Alibaba plans to take Hong Kong unit private

HONG KONG: Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit, Alibaba.com, private, two sources familiar with the matter said.

Business

Alibaba Group plans to take Hong Kong unit private: sources

HONG KONG (Reuters) - Chinese e-commerce company Alibaba Group plans to take its Hong Kong-listed unit, Alibaba.com, private, two sources familiar with the matter told Reuters.

Business

Trading in Alibaba.com shares halted

SHANGHAI: Trading in the shares of Alibaba.com Ltd was halted pending an announcement regarding its parent, Chinese ecommerce giant Alibaba Group, which reportedly plans to buy back the 40% stake in it held by Yahoo Inc.       

Business

Alibaba.com shares suspended

HONG KONG, Feb 9 (Reuters) Trading in shares of Alibaba.com Ltd was suspended on Thursday, pending clarification of speculation in relation to a transaction involving the controlling shareholder of the company, according to a filing on the Hong Kong exchange.

Business

Yahoo chairman exits, review drags on

SAN FRANCISCO: Yahoo Inc chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in Chinas Alibaba Group and Yahoo Japan.       

Business

Jerry Yang’s departure seen as prelude to new cash or Asia asset sale

SAN FRANCISCO: Yahoo Inc co-founder Jerry Yang has quit the company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that could have transformed the struggling company.

Business

Yahoo co-founder Jerry Yang resigns

SAN FRANCISCO (Reuters) - Yahoo Inc co-founder Jerry Yang has quit the Internet company he started in 1995, appeasing shareholders who had blasted the Internet pioneer for pursuing an ineffective personal vision and impeding investment deals that may have transformed the struggling company.

Business

Alibaba names US lobbying firm

NEW YORK: Alibaba Group has hired a Washington lobbying firm in a sign that the Chinese e-commerce company would be willing to make a bid for all of Yahoo Inc in the event that talks to unwind their Asian partnership fail.

Business

Alibaba hires U.S. lobbying firm as it eyes Yahoo

NEW YORK: (Reuters) - Alibaba Group has hired Washington lobbying firm Duberstein Group Inc, in a sign that the Chinese company would be willing to make a bid for all of Yahoo Inc if talks for buying back Yahoo's Asian assets do not succeed.

Business

Yahoo to weigh deals for Asian assets

NEW YORK (Reuters) - Yahoo Inc is discussing a plan to slash its stakes in China's Alibaba Group and a Japanese affiliate in a complex deal worth roughly $17 billion, sources familiar with the matter said.